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Derivatives and hedging activities (Tables)

12 Months Ended

Dec. 31, 2018

Derivatives and hedging activities

Schedule of fair value of derivative financial instruments and balance sheet classification

				Asset Derivatives					Asset Derivatives					Liability Derivatives					Liability Derivatives
				As of December 31, 2018					As of December 31, 2017 (1)					As of December 31, 2018					As of December 31, 2017 (2)
		Notional		Balance Sheet					Balance Sheet					Balance Sheet					Balance Sheet
		Amount		Location		Fair Value			Location		Fair Value			Location		Fair Value			Location		Fair Value
Derivatives designated as hedging instruments
Interest Rate Floor		25,000		Other Assets		$	553
Total derivatives designated as hedging instruments						$	553
Derivatives not designated as hedging instruments
Interest Rate Swaps		62,071		Other Assets		$	108		Other Assets		$	655		Other Liabilities		$	138		Other Liabilities		$	733
Total derivatives not designated as hedging instruments						$	108				$	655				$	138				$	733

(1) Assets amount does not include accrued interest receivable of $28

Liabilities amount does not include accrued interest payable of $28

Schedule of effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income

Location of

Amount of

Amount of

Amount of

Amount of

Amount of

Gain or (Loss)

Amount of

Gain

Loss

Loss

Gain

Gain

Recognized from

Loss

Reclassified

Reclassified

Recognized in

Recognized in

Recognized in

Accumulated

Reclassified

from Accumulated

from Accumulated

Derivatives in

OCI on

OCI Included

OCI Excluded

Other Comprehensive

from Accumulated

OCI into Income

OCI into Income

Hedging

Derivative

Component

Component

Income into

OCI into Income

Included Component

Excluded Component

Relationships

2018

Income

2018

Derivatives in Cash Flow Hedging Relationships

Interest Rate Floor (*)

243

109

134

Interest Income

(3)

13

(16)

Total

243

109

134

(3)

13

(16)

*     Amounts disclosed are gross and not net of taxes.

Schedule of effect of derivative financial instruments on Income Statement

		Location and Amount of Gain or (Loss) Recognized in
		Income on Fair Value and Cash Flow Hedging
		Relationships
		2018		2017
		Interest Income		Interest Income
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded		(3)
The effects of fair value and cash flow hedging:
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other  comprehensive income into income		(3)
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income -  included component		13
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income -  excluded component		(16)

Schedule of gain (loss) on derivative instruments not designated as hedging instruments

				Amount of Gain			Amount of Loss
				Recognized in			Recognized in
		Location of Gain or (Loss)		Income			Income
		Recognized in Income on		Twelve Months Ended			Twelve Months Ended
Derivatives Not Designated as Hedging Instruments		Derivative		December 31, 2018			December 31, 2017
Interest Rate Swaps		Other non-interest income		$	49		$	(79)
Fee Income		Other  income / (expense)		$	53		$	792

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of December 31, 2018

Gross Amounts

Net Amounts

Gross Amounts Not Offset in the Statement of Financial Position

Gross

Offset in the

of Assets

Amounts of

Statement of

presented in the

Recognized

Financial

Statement of

Financial

Cash Collateral

Net

Assets

Position

Financial Position

Instruments

Received

Amount

Derivatives

$

661

$

$

661

$

$

661

Offsetting of Derivative Liabilities

as of December 31, 2018

Gross Amounts

Net Amounts

Gross Amounts Not Offset in the Statement of Financial Position

Gross

Offset in the

of Assets

Amounts of

Statement of

presented in the

Recognized

Financial

Statement of

Financial

Cash Collateral

Net

Assets

Position

Financial Position

Instruments

Received

Amount

Derivatives

$

138

$

$

138

$

$

138

Offsetting of Derivative Assets

as of December 31, 2017

Gross Amounts

Net Amounts

Gross Amounts Not Offset in the Statement of Financial Position

Gross

Offset in the

of Assets

Amounts of

Statement of

presented in the

Recognized

Financial

Statement of

Financial

Cash Collateral

Net

Assets

Position

Financial Position

Instruments

Received

Amount

Derivatives

$

655

$

$

655

$

$

655

Offsetting of Derivative Liabilities

as of December 31, 2017

Gross Amounts

Net Amounts

Gross Amounts Not Offset in the Statement of Financial Position

Gross

Offset in the

of Assets

Amounts of

Statement of

presented in the

Recognized

Financial

Statement of

Financial

Cash Collateral

Net

Assets

Position

Financial Position

Instruments

Received

Amount

Derivatives

$

733

$

$

733

$

$

733

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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